Eight million millennials unable to achieve life goals - F&C IT

Two-thirds have ‘traditional’ life goals

Victoria McKeever
clock • 2 min read

Some eight million millennials lack the savings or investments to achieve their life ambitions, despite almost two-thirds having 'traditional' goals, research by Foreign & Colonial Investment Trust has indicated.

The UK's 18 to 35-year-olds hope to achieve ‘traditional' life goals within the next decade, with buying a property, getting married and having a family named the top ambitions for nearly two-thirds (64%). However, the Millennial Money Survey - a study of more than 4,000 UK adults aged 18 to 35, commissioned by Foreign & Colonial and BMO Global Asset Management, which manages the trust - found 7.8 million people risked missing out because they did not hold any long-term savings or investment products. The research went on to suggest as many as half (50%) may never realise their aspira...

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